Uxin (NASDAQ:UXIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “Uxin Limited provides internet based services. The Company offers car e-commerce platform which enables to consumers and dealers to buy and sell new and used cars. Uxin Limited is based in Beijing, China. “
Other research analysts have also recently issued reports about the stock. Goldman Sachs Group cut shares of Uxin from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $9.10 to $9.30 in a report on Friday, December 21st. ValuEngine lowered shares of Uxin from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. upgraded shares of Uxin from a “neutral” rating to an “overweight” rating and cut their target price for the company from $7.40 to $7.00 in a research report on Thursday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.10.
Shares of Uxin stock opened at $3.22 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.65 and a quick ratio of 1.65. Uxin has a 12-month low of $2.81 and a 12-month high of $10.49.
Uxin (NASDAQ:UXIN) last announced its earnings results on Monday, November 19th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). The firm had revenue of $125.55 million for the quarter. Equities analysts anticipate that Uxin will post -1 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Uxin in the second quarter valued at $23,504,000. Millennium Management LLC bought a new position in Uxin during the 2nd quarter worth about $5,807,000. California Public Employees Retirement System bought a new position in Uxin during the 2nd quarter worth about $904,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Uxin during the third quarter valued at about $193,000. Finally, FMR LLC lifted its position in shares of Uxin by 5.4% during the third quarter. FMR LLC now owns 2,488,807 shares of the company’s stock valued at $16,899,000 after buying an additional 128,187 shares during the last quarter. 27.96% of the stock is currently owned by institutional investors.
Uxin Company Profile
Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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